Assuming a vaccine is approved, here is a list of stocks where the largest gap exists between the current consensus expectations for 2021 EPS and pre-pandemic EPS in 2019.
Morgan Stanley believes that i) a global synchronous recovery, last seen in 2017, will unfold in 2021; ii) Emerging Markets will "board the reflation train" and iii) an inflation regime change in the US which pushes core PCE inflation to 2% in H2 2021 and sustainably higher from in 2022.
"There is certainly elevated chatter that potential shutdowns in the U.S. will weigh more in the near-term and maybe so, but investor sentiment is the most elevated since 2017."
"Our investment decision had been based on the belief that triple-A rated state firms are safe investments regardless of their fundamentals," said the chief ratings officer at a Shanghai-based bond fund. “That’s no longer the case."
Social media website Parler said Saturday that its previously unknown investor is billionaire Rebekah Mercer, after speculation from some activists that the site was linked to Russia...
"Beyond the blame game, there are troubling questions in China that must be examined, including whether the coronavirus was inadvertently spread in an accident or spill from the Wuhan Institute of Virology..."
“The cheating is in the millions, definitely millions, and perhaps as much as 38 million. This is some of the information I am getting from behind the curtain..."
"The challenge for investors is that, with a divided Congress and appetites for budget austerity rising in both parties, 2021 could also become a record year via the fastest and largest fiscal contraction in history."
